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Robust Transport Infrastructure & Management: Key Focus Areas of Smart City Project
"Increasing initiatives have been taken by Government of India and State Governments to support the growth of smart transportation in India-says RNCOS"
With increasing opportunities, the Central and State Governments have taken various initiatives focused on the two major trends in the transportation sector. These trends include smart fuel vehicles and smart technology, such as introduction of Electronic Stability Program, Anti-lock braking system, crash testing, smart cards, electronic toll collection, real time parking management, etc.). The Government of India has also come up with various policies and schemes such as National Urban Transport Policy 2014, Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Automotive Mission Plan (AMP2026), Make in India Scheme, Skill India programme and FAME (Faster Adoption and Manufacturing of Electric/Hybrid)
Highlighting the huge opportunities in the segment, Shushmul Maheshwari, CEO, RNCOS said, "The focus is on improving fuel efficiency and reducing Green House Gas emissions. Hence, electric vehicles, hybrid electric vehicles and fuel cell vehicles seem to be the future of vehicle technology. He further added, "With increasing awareness, the mindset of buyers is slowly changing and consequently, there is a growing acceptance of smart fuel vehicles."
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RNCOS is a leading industry research and consultancy firm incorporated in 2002. As a pioneer in syndicate market research, our vision is to be a global leader in the industry research space by providing research reports and actionable insights to companies across a range of industries such as Healthcare, IT and Telecom and Retail etc. We offer comprehensive industry research studies, bespoke research and consultancy services to Fortune 1000, Trade associations, and Government agencies worldwide.
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